Tata Group is reportedly considering buying Walt Disney Co's stake in Tata Play Ltd., which will give the group full control of the company.

According to a news report, the companies are in the midst of preliminary talks about the acquisition of Disney's significant minority stake in the company, which could take Tata Play's valuation to about $1 billion or more.

Citing people privy to the matter, the report also said that Tata may decide not to pursue a deal.

Back in February this year, there were reports that Disney was in talks with Reliance Industries to sell its 30% share in Tata Play.

On March 14, it was reported that RIL agreed to buy the 13% stake owned by Paramount Global in Viacom18 Media for Rs 4,286 crore, according to a news report citing RIL's regulatory filing.

According to the report, the two parties have reached a binding agreement to acquire 13.01% of the equity stake (on a fully diluted basis) of Viacom18 Media, which is currently with Paramount Global's two subsidiaries.

Tata Play, which was previously Tata Sky, was a joint venture between Tata Group and News Corporation when it was incorporated in 2005.

On 20 March 2019, The Walt Disney Company acquired 21st Century Fox, Tata Play's holding company, making them their new 30% stakeholder, replacing 21st Century Fox.